YouTube continues to be a great source of income for thousands of partners and with some new changes, will help video makers earn even more money on older content. Today, they announced that starting on November 9th, your default monetization settings will automatically be applied on older content.

These changes won’t roll out to all videos however, only those uploaded prior to April 20th, 2012. Before, YouTube gave users the option to manually set defaults for monetization, among other settings.

For users that don’t want to have older videos automatically monetized, Steve Stukenborg, Senior Product Manager, had this to share:

[quote type=”large” align=”left”] “For example, if you have TrueView in-stream ads enabled as a default for your new uploads, we’ll go back and enable it on older monetized content. Conversely, if you don’t have in-video ads on by default for new uploads we won’t touch that setting on any video.”

“If you do not want to apply this change to your older videos, you can easily opt out. If you use Video Manager, opt out at Youtube.com/my_videos. If you use the Content Management System for your channels, you’ll see a notification when you login with instructions.” [/quote]

Even though many are making a full-time income from the site, the story isn’t the same for one hit wonders. For example, a user by the name of Rob Shaps received over 2.3 Million views on one video. Rob started monetizing after just over 1.2 million views and in the past seven months, has earned around $800.

Far from a full-time income, but still not bad for just one YouTube video.